Audax Group is a leading alternative investment manager with offices in Boston, New York, San Francisco, and London. Since its founding in 1999, the firm has raised over $38 billion in capital across its Private Equity and Private Debt businesses. With more than 400 employees and over 160 investment professionals, the firm is a leading capital partner for North American middle market companies. For more information, visit the Audax Group website www.audaxgroup.com.
Audax Senior Debt is a highly successful and very well-established investor in the U.S. middle market private debt industry. Audax Senior Debt has invested over $26 billion across more than 850 established U.S. middle market companies in support of over 240 private equity sponsors. Our primary focus is to invest in first lien senior secured loans to support sponsor-led buyouts. The investment team maintains focus on a deep understanding of credit during both the underwriting and portfolio monitoring process.
POSITION SUMMARY:
This position will focus on underwriting first lien senior secured loans as well as monitoring existing investments across all the Audax Senior Debt portfolios.
The Credit Analyst will evaluate new private credit investments by performing thorough fundamental analysis to formulate a clear credit view and recommendation; manage and analyze the financial performance of the companies under management; present at regular portfolio review and watchlist meetings; periodically analyze incremental investment opportunities in both the primary and secondary markets; evaluate amendment requests; follow industry trends; maintain current view of credits under management, and become proficient with legal documentation over time.
The analyst will enhance their credit skills across the investment process and will gain exposure to a wide range of industries.
Responsibilities:
- Analyze new investments opportunities to support sponsor-based LBO transactions.
- Develop in-depth understanding of each company’s business model, financial performance trends, growth drivers and credit risks.
- Perform financial and technical analyses, develop financial models based on company and industry data to determine potential performance.
- Conduct thorough industry and business due diligence including assessment of credit risks and valuation. Devise methods for gathering and assessing financial and market data through primary and secondary sources.
- Diligently monitor a portfolio of ~20 existing investments including financial reporting, ratings changes, news, amendments and waivers.
- Effectively communicate credit views and recommendations to committee members, both written and verbally for new investments as well as existing accounts under management.
Qualifications:
- Bachelor’s degree required.
- 2-6 years investment banking, direct lending, structured credit, or similar experience.
- Experience in managing a portfolio of senior debt investments.
- Ability to manage and generate detailed reports and presentations tracking the activity of a sizeable private debt portfolio.
- Ability to develop and utilize complex financial models.
- Ability to assess the credit quality of potential investments.
LOCATION:
New York, New York. 4 days/week in office. These in office requirements may change based on the needs of the business.
For New York City only: The base salary range for this position is $110,000 - $150,000. The base salary range represents the estimated low and high end for this position at the time of this posting. Consistent with applicable law, compensation may vary and will be determined based on but not limited to, the skills, qualifications, and experience of the applicant along with the requirements of the position, and Audax reserves the right to modify this pay range at any time. An employee may also be eligible for annual discretionary incentive compensation based on performance.
Audax offers a wide range of employee benefits, including health insurance, life insurance, disability insurance, paid time off (including sick leave, parental leave, volunteer leave, and vacation), charitable donation match, family support services (including Bright Horizons and Benefit Advocate Center), and a 401(k) in addition to other benefits.
This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Duties, responsibilities and activities may change or new ones may be assigned at any time with or without notice.
Audax Management Co. is an equal opportunity employer.
Please note that Audax Group and its affiliated entities do not accept unsolicited resumes from a third-party recruiting agency not currently under a signed agreement. Any unsolicited resume that is sent to directly to Audax Group or one of its affiliated entities, or its employees, including those submitted to hiring managers by a third-party recruiting agency not currently under a signed agreement, will be considered property of Audax Group. If a third-party recruiting agency submits a resume without an agreement, Audax Group or its affiliated entities explicitly reserves the right to pursue and hire those candidate(s) without any financial obligation to the third-party recruiting agency. Any third-party recruiting agency should contact either a member of the Talent Acquisition or Human Resource team at Audax Group, in conjunction with a valid, fully executed contract for service based upon a specific job opening.
